On August 11, 2010, PetroAlgae Inc. (OTCBB: PALG) announced that it has filed a registration statement on Form S-1 for a US$200 million initial public offering with the U.S. Securities and Exchange Commission.
Goldman, Sachs & Co., UBS Investment Bank and Citi, are the joint book-running managers, with Baird, Cowen and Company and Piper Jaffray as the co-managers.
PetroAlgae, based in Melbourne, Florida, is a renewable energy company that licenses and deploys the leading biomass platform to address existing and growing unmet needs in the global energy and agriculture markets.
Further information is found on PetroAlgae's website.